stock | Egypt Oil & Gas

Madbouly Reviews Efforts to Boost Petroleum Stockpiles, Pay Arrears to International Oil Partners

Egypt’s Prime Minister Mostafa Madbouly held a meeting with the Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, and Minister of Petroleum and Mineral Resources Karim Badawi, to review the ongoing efforts ...

QatarEnergy, CNPC to Close Big LNG Supply Deal with China

QatarEnergy and CNPC, Chinese state-controlled company, are expected to sign a 27-year contract to allow Qatar to secure its second large gas supply with the Chinese company, according to sources in a Reuters report. ...

CNOOC Stocks Climb 44% in Shanghai Debut

China National Offshore Oil Corp’s (CNOOC) stock climbed by around 44% in the Shanghai debut, defying the overall market weakness, Reuters reported. This comes as investors sought safety in CNOOC in the middle o...

Petrobras to Sell Remaining Stake in BR Distribuidora for BRL 26 Per Share

The Brazilian State- controlled Oil Producer Petrobras agreed to sell it remaining shares in BR Distribuidora if its stock recovers to BRL 26 per share, three informed people told Reuters. The company agreed to sell i...

Fujairah Oil Stocks Increase

The oil products stock at Fujairah port increased by 2.4%, reaching 22.008 million barrels, according to data exclusively obtained by S&P Global Platts, Zawya reported citing Emirates News Agency (WAM). The distil...

Egypt Aims to Secure 45 Days of Butane

An Official Source at the Egyptian General Petroleum Corporation (EGPC) stated exclusively to Egypt Oil&Gas that EGPC’s chamber of operations is  working on executing a new strategic plan to fulfill the loca...

Iran Denies Possessing Seaborne Oil Stockpile

Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, according to the Iranian Oil Terminals Company’s (IOTC) Managing Director, Seyyed Pirouz Mousavi, Financial Tribune inform...

Maridive Slumps to Lowest in More Than 2 Years as Oil Retreats

Maridive & Oil Services SAE (MOIL), an Egyptian marine and oil support services company, tumbled to the lowest level in more than two years after the price of oil declined. The shares of the Cairo-based company lo...

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